How Does Construction Bidding Work? And Its Selection Methods

HOW DOES CONSTRUCTION BIDDING WORK?

Construction bidding is the process of submitting a proposal to undertake or manage a construction project. The process begins by estimating costs from layouts and departures. Auction (bidding) is considered an opportunity to trade or a certain amount of profit in exchange for a certain amount.

TYPES OF BIDS

.

METHODS USED FOR SELECTING BIDS

The following methods are used for selecting bids,

LOW-BID SELECTION

BEST-VALUE SELECTION

QUALIFICATIONS BASED SELECTION

.

LCETED INSTITUTE FOR CIVIL ENGINEERS

“Our Mission To Educate And Keep People Informed By Creating A Trusted Source Of Knowledge Everything Related To Civil Engineering”. 

PRESS THE BELL ICON TO FOR THE NOTIFICATION

Share